Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. An important component any business activity is capturing certifications and transactions. Notary services are thus critical. The following contributed post is entitled, 4 Reasons to Use Notary Services for Your Business.
* * *
Image credit
When it comes to starting your own business, there are likely to be lots of situations, forms, signs, and legal documentation you need to work through to ensure your company and its activities are legal. You will also need to be able to act on your own if something untoward happens.
When making significant business decisions, such as signing paperwork, creating contracts, or making investments, it’s wise to have these actions witnessed and signed by a notary public. This step adds an extra layer of validation to your business decisions.
A notary public, a state-appointed official, is a key player in securing your business. They not only verify identities but also witness signatures on crucial documents, thereby ensuring the legality of your actions, partnerships, and purchases. This level of protection can instill a sense of security and confidence in your business decisions.
Let’s look at some of the top benefits of using a Notary public.
Fraud Prevention
In an era where fraud is a growing concern, a notary public plays a pivotal role in ensuring the authenticity of signatures and identities. By using government-issued identification and a physical presence, a notary public can provide the assurance that you are dealing with the right people, thereby instilling a sense of trust and protection in your business transactions.
To Ensure Compliance
Consider a scenario where you’re updating your will to accommodate what you want to happen to your business if you are no longer able to run it or you unexpectedly pass away, and you want to prevent your decision from being contested. A notary can serve as an impartial third-party witness at the signing of the will, ensuring all parties are aware of your sound mind and capability to make changes and that no one is being coerced. This same level of assurance can extend to business loan repayments from investment partners, verifying that everyone is in full compliance with their obligations and no one is being pressured into unwanted actions.
To Preserve Documents
If you’re making business decisions that you want to be upheld now and in the future, notarizing them can help ensure their legal validity and future adherence. When establishing your business, it’s crucial to set the foundation for how things should be and have the correct policies and procedures in place. Notarizing your documents can reinforce these requirements and preserve them for future reference.
To Facilitate International Business
When conducting business with internal companies, there can often be a lot of red tape and hurdles to jump to get the deal done. Suppose you want to speed up the process. In that case, you can have your documentation checked, verified, and signed by a notary to help you avoid delays and legal implications that might arise if things haven’t been inspected by another person with no interest in the business deal and relationship and who is legally responsible for ensuring compliance and legal credibility.
A notary can be extremely useful for business owners who want to add production of documents and business agreements and ensure that the transactions are all legal and above board.
Author: anwaryusef
Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath.
Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics.
Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.
View all posts by anwaryusef